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Heads Up: A Tale of Two Standards — FASB Clarifies and Amends Consolidation and Equity Method Guidance for Not-for-Profit Organizations

Volume 15, Issue 21

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The attached issue of Heads Up discusses the FASB’s new Staff Position No. SOP 94-3-1 and AAG HCO-1, “Omnibus Changes to Consolidation and Equity Method Guidance for Not-for-Profit Organizations,” which makes several clarifying changes to the consolidation and equity method guidance applicable to not-for-profit organizations, including nongovernmental health care organizations.

Read more in the file attached below or visit the Heads Up Archive for past issues.

Heads Up and other information on accounting and financial disclosure also can be found in the Technical Library: The Deloitte Accounting Research Tool. Technical Library, a subscription-based research tool, includes material from the FASB, Emerging Issues Task Force (EITF), AICPA, Securities and Exchange Commission (SEC) and International Accounting Standards Board (IASB), in addition to our own accounting manual and interpretative accounting guidance. Updated every business day, the Technical Library has an intuitive design and navigation system. Powerful search features enable users to locate information quickly, at any time and from any computer. Additionally, Technical Library subscribers receive periodic e-mails highlighting recent additions to the Technical Library. Read more about the Technical Library.

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